OPEC Chief Urges U.S. Shale To Curb Oil Output

In an unconventional plea to U.S. shale drillers, OPEC’s Secretary General Mohammad Barkindo urged North American producers on Tuesday to share the responsibility for drawing down the global oil overhang. “Emerging from this most vicious of all oil cycles, the need to sustain the rebalanced market in the medium- to long-term, some extra-ordinary measures could be considered by countries participating in ‘the Declaration of Cooperation’, including expanding the membership,” Barkindo said in a speech at the India Energy…